Commercial Bank of Ethiopia
Fiscal Year 2012 EC (2020/2021 GC)
Revenue
ETB 68.6B
Net Profit
ETB 9.5B
Total Assets
ETB 819.3B
Total Equity
ETB 49.8B
Profit Breakdown
Key income statement items
Cash Flow Activities
Net cash from each activity
Asset Composition
Breakdown of total assets
Consolidated Statement of Profit or Loss and Other Comprehensive Income
FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Interest Income and Expense | |
| Interest Income | 53,769,762,801 |
| Interest Expense | -24,680,084,808 |
| Net interest income | 29,089,677,993 |
| Impairment | |
| Impairment losses on loans and advances | -939,729,001 |
| Net interest income after provisions | 28,149,948,992 |
| Non-Interest Income and Expense | |
| Gain on foreign currency transactions | -3,384,126,273 |
| Equity investments in associates | 31,417,582 |
| Non-interest income | 14,822,203,661 |
| Non-interest expense | -24,662,786,527 |
| Profit and Tax | |
| Profit before tax | 14,956,657,435 |
| Income tax | -5,422,978,597 |
| Profit for the year | 9,533,678,838 |
| Other Comprehensive Income | |
| Remeasurements of defined benefit liability | -3,187,929,983 |
| Related tax | 956,378,995 |
| Items that will never be reclassified to profit or loss | -2,231,550,988 |
| Unrealized (loss)/gain arising from measurement at fair value | 36,258,914 |
| Related tax | -10,877,674 |
| Foreign currency translation differences for foreign operations | 3,843,930 |
| Items that are or may be reclassified to profit or loss | 29,225,170 |
| Other comprehensive income, net of tax | -2,202,325,818 |
| Total comprehensive income | 7,331,353,020 |
Consolidated Statement of Financial Position
As at end of FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Assets | |
| Cash and cash equivalents | 97,524,063,189 |
| Debt & Equity securities | 445,140,387,326 |
| Loans and advances to customers, net | 232,510,755,443 |
| Loans to micro-finance institutions, net | 576,608,467 |
| Receivables | 8,904,265,586 |
| Investments in associates | 211,041,876 |
| Non-current assets held for sale | 1,030,518,314 |
| Investment property | 186,977 |
| Property, plant and equipment, net | 13,497,757,373 |
| Intangible assets | 219,179,194 |
| Other assets | 11,679,397,631 |
| Right of use asset | 3,929,727,524 |
| Deferred tax assets | 4,054,933,886 |
| Total Assets | 819,278,822,786 |
| Liabilities | |
| Deposits due to other banks | 1,109,055,430 |
| Customers' deposits | 593,041,145,062 |
| Current tax liabilities | 5,954,265,633 |
| Provisions | 1,389,959,157 |
| Finance lease obligations | 249,694,124 |
| Dividends | 7,771,189,170 |
| Employee benefits | 6,614,840,691 |
| Other liabilities | 153,326,630,375 |
| Total Liabilities | 769,456,779,642 |
| Equity | |
| Capital | 40,000,000,000 |
| Legal reserve | 12,050,767,160 |
| Capital reserve | 173,439,202 |
| Statutory reserve | 241,925,670 |
| IFB reserve | 1,706,854 |
| Fair value reserve | 150,805,429 |
| Foreign Currency Translation Reserve | -300,587,409 |
| Accumulated Profit or Loss | 146,480,467 |
| Remeasurement of defined benefit liability | -2,642,494,229 |
| Total Equity | 49,822,043,144 |
| Total Liabilities and Equity | |
| Total liabilities and equity | 819,278,822,786 |
Cash Flow Statement
FY 2012 EC
| Item | Amount (ETB) |
|---|---|
| Operating Activities | |
| Profit before tax | 14,956,657,435 |
| Provisions/Impairment | 1,015,527,419 |
| Reduction of Allowance for Placement with other Banks | -29,698,743 |
| Provision against Non current asset held for sale | -507,834 |
| Depreciation and amortization | 2,428,086,305 |
| Income from associate recognized in profit or loss | -31,417,582 |
| Loss (Gain) on Disposal of Property, Plant and Equipment | -9,914,174 |
| Loss (Gain) on Disposal of NCA held for sale | -16,338,397 |
| Finance lease charge | 8,829,081 |
| Operating cash before working capital changes | 18,321,223,510 |
| Change in Debt and Equity Securities | -49,943,508,767 |
| Change in Loans and advances | -36,155,756,269 |
| Change in receivables | -1,477,626,391 |
| Change in other assets | -3,467,212,173 |
| Change in Restricted fund | -10,378,472,526 |
| Change in customers' deposits | 52,100,995,830 |
| Change in provisions | 727,929,013 |
| Change in employee benefits | 660,359,273 |
| Change in other liabilities | 50,588,589,827 |
| Cash generated from operations | 20,976,521,327 |
| Income taxes paid | -5,992,447,406 |
| Net cash generated by operating activities | 14,984,073,921 |
| Investing Activities | |
| Payments for property, plant and equipment | -3,448,676,289 |
| Proceeds from disposal of property, plant and equipment | 26,076,010 |
| Proceeds from disposal of NCA held for sale | -36,465,347 |
| Payments for Investments | -39,557,051 |
| Payment for intangibles | -138,373,520 |
| Payment right of use assets | 2,143,972,742 |
| Net cash used in investing activities | -1,493,023,455 |
| Financing Activities | |
| Dividend paid | -8,000,000,000 |
| Finance lease obligation paid | -126,716,277 |
| Net cash outflow from financing activities | -8,126,716,277 |
| Net Change in Cash | 5,364,334,189 |
| Closing Cash & Equivalents | 54,753,136,481 |
Extracted from audited financial statements via OCR. Figures in Ethiopian Birr.